Gold is a hedge against crisis. Despite of recent japan earthquake, Gold indeed still proven to be strong and break the recent high from around $1435/oz to the new record high of $1475/oz now.
The breakdown based on my calculation below for the past 3 years:
- around 5% appreciation from 2007 to 2008
- around 24% appreciation from 2008 to 2009
- around 28% appreciation from 2009 to 2010
As long gold demand stay, company dealing in gold would benefit from the appreciation of its value.
The demand is getting higher each year, as long the demand still hold, people is still confident in gold.
In 4 month current gold projection from the time of writing (21/04/2011), it appreciated around 6% in average till date. When the demand still hold for now, average appreciation of gold would be at least 20% till end of this year in 2011.
In my opinion, gold is highly possible to hit at least $1700/oz by end of this year.
Currently gold price has already hit a new record high of $1500/oz.
How do you invest in physical gold in the cheapest way?
1. Invest in gold and get 2% discount for every gold purchase below bank price in cash payment.
2. For credit card payment, you can enjoy cash rebates or points from your credit card. Check with your bank for more information.
3. Utilise your credit to own physical gold, no high spread on your gold purchase. You will get the best value for your gold purchase.
Regards,
Billy Chiam
http://www.goldprice.com.sg
(65)9781-8351
US presidential election coming